Costco’s (COST) earnings were just released. Its 1Q adjusted EPS came in at $3.58 versus an estimated $3.45 and revenue came in at $56.72B versus an estimated $57.62B. COST’s 1Q net income came in at $1.59B. George Tsilis joins Oliver Renick to discuss why the stock is dropping after earnings. He highlights that there could be some valuation issues. Tune in to find out more about the stock market today.
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